We would like to express our sincere gratitude to our shareholders and investors for the exceptional support.
In terms of the business overview for the fiscal year ended March 2023, sales in the product business increased significantly due to a significant increase in shipments of the mainstay product “RS1”, especially for pachislot machines such as the new 6.5 model and smart pachislot machines in the amusement market. Sales in the IP core license business increased due to growth in the safety field although the professional service business declined due to a decrease in R&D projects by customers. As a result, net sales increased significantly year on year to a record high, and operating income, ordinary income, and net income attributable to owners of the parent were positive for the first time in three years since the fiscal year ended March 31, 2020 (non-consolidated results).
In terms of business activities, the recurring business in the safety field grew. In the robotics field, the product business was revitalized as sales of vision systems by Cambrian Inc., a capital and business partner, for collaborative robots expanded due to demand for labor savings and productivity improvements in the manufacturing industry, especially the automotive industry.
We have formulated our Purpose, “Making the Image Intelligent,” and are striving to solve real-world problems by creating innovative products and services that bring value to our stakeholders through the power of image intelligence, which has been our strength since our founding.
We are committed to fulfilling the trust of our shareholders by both contributing to solving social and environmental issues as well as generating profits and revenues.
We would appreciate your continued support.
June 5, 2023
Tatsuo Yamamoto, Chairman, President and CEO